2011 Oscar Nominations Announced

(Oscar Nominations article updated with nominees.)

NEW YORK ( TheStreet) -- The 2011 Oscar nominations were revealed this morning by actress Mo'nique and Academy president Tom Sherak in a live broadcast.

The nominees for best picture are The King's Speech, The Social Network, 127 Hours, Black Swan, Toy Story 3, True Grit, Winter's Bone, Inception and The Kids Are All Right.
'Black Swan' receives an Academy Award nomination for Best Picture.

Natalie Portman's performance in Black Swan earned her a nomination for best actress. Also vying for the award are nominees Annette Bening in The Kids Are All Right, Jennifer Lawrence in Winter's Bone, Nicole Kidman in Rabbit Hole and Michelle Williams in Blue Valentine.

Jeff Bridges has been nominated for best actor for his performance in True Grit. This marks his sixth Oscar nomination. Last year he took home an award for Best Performance by an Actor in a Leading Role for his part in Crazy Heart.

Contending nominees for best actor include Javier Bardem or his performance in Biutiful, Jesse Eisenberg in The Social Network, Colin Firth in The King's Speech and James Franco in 127 Hours.

Best supporting actress nominees include Amy Adams in The Fighter, Helena Bonham Carter in The King's Speech, Melissa Leo in The Fighter, Hailee Steinfeld in True Grit and Jacki Weaver in Animal Kingdom. Several critics are surprised to see that Mila Kunis' role in Black Swan did not earn her a nomination.

Geoffrey Rush in The King's Speech, John Hawkes in Winter's Bone, Christian Bale in The Fighter, Mark Ruffalo in The Kids Are All Right and Jeremy Renner in The Town were the five actors that earned nominations for best supporting actor.

The King's Speech earned nominations in 12 categories, including best art direction and best costume design. True Grit, which was produced by Viacom's ( VIA) Paramount Pictures, received 10 nominations, including best adapted screenplay and best sound editing.

Inception, produced by Time Warner's ( TWX) Warner Bros., and The Social Network, produced by Sony's ( SNE) Columbia Pictures, each earned 8 nominations.

The Fighter earned 7 nominations, followed by 127 Hours with 6 and News Corporation's ( NWSA) Fox production, Black Swan, with 5 nominations.

Disney's ( DIS) Toy Story 3, which was the top-grossing movie of 2010, earned 5 nominations, including best animated feature film. Animated film contenders include DreamWorks' ( DWA) How to Train Your Dragon and Illusionist.

The 83rd annual awards show can be viewed live on Sunday, Feb. 27 at 8 p.m. ET on ABC Network.

-- Written by Theresa McCabe in Boston.

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